We didn't expect that there were still people who believed in it, and some even embraced it, all of them realized that Bitcoin had been around for more than 10 years and they still believed in Cloud Mining which most people said was indirectly fraudulent services, as far as Here I see people who get big profits through cloud mining. maybe there is, but I don't know about this.
"renting" hashpower is never profitable. if it were the OWNERS would not rent out but just mine for self profit
remote hosting equipment you bought, can reduce your costs by hosting it in a cheaper country compared to your home. but still be aware of their hosting/management fee's and also any terms/conditions about what they do with your hardware once it arrives at their warehouses.
(check out the core scientific-celsius shinanigans). corz raised its rates above the us state electric average and held celsius hardware to ransom until celsius paid its fee's which celsius disagreed with